General Electric CEO Culp said during interview with CNBC: 'No higher priority than bringing down leverage', which might mean selling assets and layoffs....

I don't work there, but it seems like we read about more people being laid off from Schenectady at least once a month, if not even more often than that. I'm starting to wonder how many people are even left to be laid off from there anymore? Or why is... — read more 

https://www.ft.com/content/1f6d43da-e12f-11e8-a6e5-792428919cee

GE Salem: We used to wind up motors, now we're just winding down.

I need to be able to sleep in my cubby hole. Do it prove it!

Flannery was the start and set up guy to begin to make huge changes in the company during difficult times for GE. Flannery was a pawn for the board and they made him close shops and lay off thousands of dedicated employees. Now Culp is the next pawn... — read more 

Apparently 6 months on the board was long enough for Culp to catch the dips××t bug, and learn all the GE buzz words. Seems like even an "outsider" cant save GE at this point.

Job market is good now. Might not be as active around the holidays. If you are at risk but anticipate a pay-out: stay. If you worry more about income security around the holidays and first of the year: get out into the market. Before the Immelt's... — read more 

What a shame a beautiful prosperous American company in shambles. Management ego, deceitfulness, fraudulent bookkeeping, over leveraging, bad acquisitions, bad loans (GE Capital), open end insurance mostly under the "Crooked Jack's'' tenure only to... — read more 

The Majority Responds with He does not like board games.

Hey guys just an FYI... Greenville shop is giving turkeys today and tonight... Got mine, gonna be delicious! Gonna cook it up with some stuffing and green beans... can’t wait :)

“Engineering to the helm! She’s breaking up, Capt’n, and can’t take much more!” “Scotty , You’ve got to buy us time, I don’t care how you do it!” “Aye, I’ll do my best, but it won’t be easy,”

No major work until 2022 GE projected wrong on the orders for 2020. Get ready because here it comes again.

Tusa obviously knows the business better than our current good old boys club. Why doesn't the board just elect Tusa to run the business? All in favor?

Tusa says that even after a 71 percent decline in the past three years, GE stock is still overpriced. “Out of the eight reported segments, all of which were profitable even two years ago, six are now likely either at or below zero in 2020, with... — read more 

GE has been floating between 45% and 50%. Today is the first time I've seen it above 50%. https://www.macroaxis.com/invest/ratio/GE--Probability-Of-Bankruptcy

Shareholder lawsuits Since November 2017, several putative class actions under the federal securities laws have been filed against GE and certain affiliated individuals. All of those actions filed to date have been consolidated into a single action... — read more 

Out the door with no explanation. Will they release a tell all greatest hits? Or will they just enjoy their ridiculous SEB package?

I predicted $5 but glad to see outsiders now have a greater grasp of what is going on.

Is anyo e else tired of the constant all hands meetings and messages? How about the PHRASE, "KEEP YOUR HEAD DOWN AND KEEP DOING WHAT YOURE DOING" or "Thanks for all you do." or one more sports analogy? How about one of these so called leaders set a... — read more 

Reorganization is inaccurate and way too kind. They are selling divisions, splitting up because they are out of cash. BTW they are not getting top $ for these sales. I predict a total break up of GE - the diversity of the holdings do not work... — read more 

If you can't laugh at yourself in GE, you'll just have to have a good cry! https://www.fastcompany.com/1569358/laugh-synergy-30-rocks-best-ge-jokes

https://www.youtube.com/watch?v=J-q1JdokNZg

GE hit with new investigations from SEC and Justice Department https://www.cnn.com/2018/10/30/business/ge-investigation-justice-sec/index.html New York (CNN Business)The SEC and Justice Department are investigating General Electric's power business... — read more 

GE announced that it has sold it’s distributed power business to a private-equity firm Advent International Corp for the value of $3.3 billion. Think that this is a sign that the company leadership has started their reorganization plan in an effort... — read more 

I predict more along the lines of demotions than layoffs. I can see certain jobs in certain locations with higher pay being done away with and relocated somewhere else on the grounds but for less pay. Then the decision will be to either go work there... — read more 

Current lightning unit had about $1 billion in sales last year https://www.businesswire.com/news/home/20181106005464/en/American-Industrial-Partners-Acquire-Current-powered-GE BOSTON--(BUSINESS WIRE)--GE (NYSE: GE) today announced it has signed a... — read more 

From a well respected company that was known for quality to articles titled "GE - Descend To Mediocrity" General Electric's reputation as one of the best industrial companies goes back to April 24 1900. Today, it's on life support... — read more 

Young smart people does not equal experience. Figure it out, Get it done. They will do just that, and fast to impress an accountant boss. The processes, the controls, requirements, procedures, rules, regulations and technology, well who cares. Then a... — read more 

"If you don't know where you're going, any road will take you there." - Tom Magliozzi “Happiness Equals Reality Minus Expectations” ― Tom Magliozzi “Never let the facts stand in the way of a good answer.” - Ray Magliozzi

the end is in sight and yes Thomas has turned over in his grave. He has thanked Jack, Jeff, John and the rest. He know regrets ever stating "I have not failed. I've just found 10,000 ways that won't work." and thinks his predecessors should have... — read more 

Get ready for another reserve to be set up so that we can pay $1B in back taxes to the UK. http://fortune.com/2018/11/05/ge-uk-tax-bill/

Looks like Larry Culp just bought 2.2 million in GE stock

The rules of the game are to post your favorite useless GE position that no one understands. Here's some examples: Chief Innovation Officer Chief Creative Officer Vice Chairperson Any job with the terms Diversity and Inclusion Any job with... — read more 

Too funny! https://www.youtube.com/watch?v=2uVdWjx5e90

It would be nice if management read this, it makes a good point on why laying people off fairly benefits the company itself (since we know they don't care about us maybe that would change some things.)... — read more 

General Electric Retirees Take Another Beating Many General Electric (GE) retirees have hung onto every share of stock the company ever awarded them because they are justifiably proud of their role in building an iconic American company. But, for... — read more 

“John Flannery dedicated 32 years of service to GE, and the arrangements reached with him, including his eligibility for the GE Supplementary Pension Plan, reflect that service,” the Boston-based company said in an email. “The severance payment for... — read more 

Larry - have you really taken a good look at the organization charts within GE? Executives with no or few reports reporting to and executive with 1 or a few report reporting to another executive or senior executive with a few reports. Back in the goo... — read more